https://www.taxtmi.com/caselaws?id=272468 Where a transferee establishes title to shares and the refusal of registration rests only on a formal defect, the court may exercise its wide and beneficial jurisdiction under Section 155 of the Companies Act, 1956 to order rectification of the register. The earlier proceedings under Section 111, which failed on a technical objection about stamp cancellation, did not determine the petitioners' substantive title and therefore did not bar relief by res judicata. The nationalisation of the undertaking did not extinguish the company's existence or the right to seek rectification. The objections based on limitation and locus standi were rejected, and rectification with return of the transfer documents was granted. en-us Thu, 13 Nov 1975 00:00:00 +0530 Fri, 04 May 2018 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272468 Where a transferee establishes title to shares and the refusal of registration rests only on a formal defect, the court may exercise its wide and beneficial jurisdiction under Section 155 of the Companies Act, 1956 to order rectification of the register. The earlier proceedings under Section 111, which failed on a technical objection about stamp cancellation, did not determine the petitioners' substantive title and therefore did not bar relief by res judicata. The nationalisation of the undertaking did not extinguish the company's existence or the right to seek rectification. The objections based on limitation and locus standi were rejected, and rectification with return of the transfer documents was granted. Case-Laws Companies Law Thu, 13 Nov 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272468